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Capital Efficiency 'Under a Microscope'

Tough Economy Means No More Second Chances for Failed Firms

By Jennifer Boggs

Monday, April 20, 2009
"If at first you don't succeed, try, try again," has long been the motto of die-hard biotech investors, who have continued funneling cash into troubled firms - sometimes even in the wake of disastrous clinical results - hoping that the next trial, or the next product will be the success story.

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